Disney Held Talks to Buy Most of Fox

Disney Held Talks to Buy Most of Fox

CNBC reports that discussions have been on-ad-off for the past few weeks between the two companies, but say multiple sources close to the situation have revealed the talks could pick back up at any moment.

With Fox's entertainment assets, Disney C.E.O.

If the deal ends up going through apparently FOX wants to focus on news and sports, which it feels could compete more effectively.

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21st Century FOX is in talks to sell parts of its company to Disney, in a deal that could see movie rights to the X-Men and Fantastic Four return to Marvel.

If Disney buys Fox, let be known that the Simpsons called it-almost 20 years ago. It would also have kept its broadcast network and the local broadcast stations it owns. Instead, it could refocus its business around a core group of news and sports assets like Fox News and Fox Sports 1. Apple, which also reportedly eyed the company, has always been seen as a potential buyer for Disney. Disney, which under US rules could not own two broadcast networks, would not purchase all of Fox, CNBC reported, citing the same sources. And the general logic of "you need scale to succeed in entertainment" makes sense, as that's also been cited as a factor in the pendingAT&T-Time Warner deal. That £11.7bn ($15.41bn) deal has run afoul of regulators' concerns about media plurality in the United Kingdom and the Murdochs' commitment to broadcasting standards. However with this sale, Disney can merge the MCU with the aformentioned characters. Disney will be able to get the rest including movie and TV properties. Disney already owns the ABC television network and, with ESPN, is Fox's biggest rival in the cable sports business.

Shares of Twenty-First Century Fox rose some 7 percent to $26.80 in afternoon trade while Disney was up almost 2 percent to $100.30. Disney would earn loads of money being responsible for 20th Century Fox's film and TV division. Eastern, while Disney stock also rose from an opening of $98.37 to $100.49.

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